Tom Lee's fund analyst: Ethereum is expected to end its pullback tomorrow, possibly dipping to as low as $4200.

On October 10, Tom Lee retweeted the latest views on Ethereum from his fund analyst Mark Newton this morning. Mark Newton believes that the recent pullback in the crypto market is nothing to worry about, and he expects Ethereum to hit the bottom in the next 1-2 days, followed by a rise and a rebound to $5500. From September 25 to October 7, ETH experienced a strong technical rise, after which there was only a slight three-wave pullback, which is expected to end before October 11 and move upward again. "Currently, ETH has retraced 50% of its recent gains, but it may continue to dip to the $4200-4220 area, which will be an excellent support zone, after which ETH will rise again." It is worth noting that although Mark Newton has made several accurate predictions about Ethereum's trends in the past, on September 16, Mark Newton stated, "I expect ETH will not fall below the previous low of $4233, and it may drop to $4418 or $4375 this weekend, at which point we will use this weak market to Buy the Dips. ETH is expected to rise to $5500 before mid-October." However, Ethereum subsequently briefly dipped to $4054.